Heath Books Ltd

Heath Books Ltd is a small, family-run business based in Cheam, UK, with an active trading status. Founded fourteen years ago in 2010, the company employs twenty-seven people and holds £1,860,896 in assets. It operates from a virtual address, registered to a shared office space, and is managed by two directors and two owners. The business runs an e-commerce site and regularly imports and exports printed materials, including books, newspapers, and pictures – nineteen months of import activity and twenty-five months of export activity have been recorded.

The company’s core business involves the wholesale and retail of printed materials, with a focus on supplying books and newspapers. Its website, heathbooks.co.uk, showcases a wide range of titles and services, including print-on-demand and bookbinding. While the company’s website doesn't provide extensive details, it suggests a focus on serving libraries, schools, and other institutions. The company operates in the non-specialised wholesale trade and the other retail sale not in stores, stalls or markets industries.

Financially, Heath Books Ltd shows some concerning trends. Current assets decreased by 8% to £1,900,000, while net assets also fell by 1.7% to £850,000. Bank borrowings increased by a significant amount, and cash reserves dropped 15% to £1,000,000. Creditors also decreased by 13%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in equity raises questions. The company is exempt from an audit as a small company, so the figures rely on unaudited statements.

The company’s trade debtors also increased slightly, suggesting a potential need to monitor customer payments more closely. The decrease in cash reserves, coupled with the increase in bank borrowings, suggests that the company may be burning through cash faster than it’s generating revenue. The company’s focus on printed materials, which is a declining market, may also be putting pressure on its financial performance.

Registered in England/Wales under the registration number 07379059, with a registered address at SM2 6JT, Cheam, Surrey, Hayles Bridge Offices, 228 Mulgrave Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.